Mar 25, 2019 | Average Wholesale Price, MedBen Rx, Pharmacies, Pharmacy Benefits Manager (PBM), Rebates, Rx Costs, Rx Spending, Transparency
In just four years, U.S. retail prescription drug spending grew nearly 27%… a substantial increase that illustrates the need for pharmacy solutions like those available through MedBen Rx. A new report from the Pew Charitable Trusts found that annual spending on...
Feb 12, 2019 | Discounts, MedBen Rx, Pharmacies, Pharmacy Benefits Manager (PBM), Spread Pricing
High-profile health care companies continue to buy each other in an effort to be “biggest and best.” Meanwhile, MedBen continues to grow as it has for over 80 years… by providing clients with superior benefits management services. A quick recap: Anthem Health...
Jan 29, 2019 | Discounts, MedBen Rx, Pharmacies, Pharmacy Benefits Manager (PBM), Rx Costs
A recent high-profile disagreement between Walmart and pharmacy benefits manager (PBM) CVS Caremark exemplifies the friction between pharmacies and PBMs about prescription pricing… and the power that PBMs possess to influence drug costs. MedBen Rx was designed...
Dec 21, 2018 | Average Wholesale Price, MedBen Rx, Pharmacy Benefits Manager (PBM), Rx Costs, Savings
Drug pricing can be a confusing business… and much of the confusion stems from a drug’s average wholesale price, or AWP. On the surface, the AWP might seem to be… well, the average wholesale price or the average price of a drug. But the price to who? As...
Dec 2, 2018 | Brand Name Drugs, Generic Drugs, MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Pharmacy Benefits Manager (PBM), Specialty Drugs
Modern Healthcare recently highlighted the growing disparity between brand-names and generics in relation to prescription drug spending. A new study finds that while total spending on generic drugs has declined, branded prescription drug spending continues to rise. In...
Oct 10, 2018 | MedBen Rx, MedBen Rx Advocate, MedBen Rx Alliance, Pharmacy Benefits Manager (PBM), Rx Costs, Savings, Spread Pricing
Spread pricing is a little-discussed aspect of prescription drug pricing, but its impact on pharmacy plan costs can be huge… and it’s why MedBen has responded with new pharmacy programs designed to remove spread pricing from the cost equation altogether. Simply...
